Honda Accord vs. Chevrolet Malibu Insurance – Which is Cheaper?

• For the 2024 model year, the Honda Accord edges out the Chevrolet Malibu in our cost analysis, at an average savings of $10 per year.
• Out of 11 models in the 2024 midsize car automotive segment, the Honda Accord ranks second and the Chevrolet Malibu ranks third for most affordable car insurance rates.
• When compared to the 2024 model year average cost to insure a car in the U.S. of $2,512 per year, the Honda Accord averages 10.5% less per year, while the Chevrolet Malibu costs an average of 10% less to insure per year.

Is a Honda Accord or Chevrolet Malibu cheaper to insure?

Insurance cost for a 2024 Honda Accord averages $2,262 per year, whereas insurance for a Chevrolet Malibu costs an average of $2,272 per year, making the Honda Accord the cheapest of the two to insure.

Out of six Honda Accord trim levels, the cheapest 2024 trim to insure is the EX-L Hybrid trim at an average cost of $2,180 per year.

Out of the four trims available for the Chevrolet Malibu, the cheapest 2024 trim to insure is the LS Sedan trim at a cost of $2,196 per year, or $183 per month.

When rates for all 10 trim levels for both vehicles are compared, the overall cheapest vehicle to insure is the Honda Accord EX-L Hybrid at a cost of $2,180 per year, and the highest-cost model and trim level is the Chevrolet Malibu 2LT Sedan at an average of $2,372 per year.

The rate table below compares and ranks the cost of car insurance for 2024 Honda Accord and Chevrolet Malibu models, broken down by individual trim level.

The rate chart below shows the average cost to insure both models using a range of rated driver ages. Average car insurance cost ranges from $2,002 to $4,552 per year for a 2024 Honda Accord, and $2,026 to $4,524 for a 2024 Chevrolet Malibu for the age groups used in this illustration.

The next tables illustrate the average insurance cost by trim level for both 2024 models, as well as an average rate for each model. The cheapest of the two models to insure for the 2024 model year is the Honda Accord.

2023 Honda Accord vs. Chevrolet Malibu

For the 2023 model year, the model with the lower car insurance rates is the Chevrolet Malibu. Insurance rates for the Honda Accord average $2,304 per year, while the Chevrolet Malibu costs an average of $2,212 per year.

For a 2023 Honda Accord, the most affordable trims to insure are the Hybrid, LX, and Hybrid Sport. The cheapest Chevrolet Malibu trims to insure include the LS Sedan and RS Sedan.

The table shown below compares and ranks the cost of car insurance for 2023 Honda Accord and Chevrolet Malibu models, with the average price to insure each trim level.

The following chart shows the average car insurance cost for both 2023 models rated for different driver ages. For the 2023 Honda Accord, average car insurance cost ranges from $2,038 to $4,668 per year for the example age groups. Auto insurance for the 2023 Chevrolet Malibu ranges from $1,974 to $4,416 on average per year.

For the nine trims available for the 2023 Honda Accord, the most affordable trim to insure is the Hybrid trim at an average cost of $2,134 per year.

For the four different trims available for the Chevrolet Malibu, the lowest-cost 2023 trim package to insure is the LS Sedan model at a cost of $2,140.

When rates are compared for the 13 trim options of both 2023 models, the overall cheapest vehicle to buy insurance for is the Honda Accord Hybrid at a cost of $2,134 per year, and the most expensive model and trim level is the Honda Accord Touring costing an average of $2,502 per year.

The rate tables below break down trim level insurance cost averages for both 2023 models, plus the average rate for each model.

2022 Honda Accord vs. Chevrolet Malibu

For 2022 Honda Accord and Chevrolet Malibu models, the Honda Accord is cheaper to insure by $6 per year for this model year.

The next chart shows the average car insurance cost for both 2022 models for a range of driver ages. Insurance cost ranges from $1,978 to $4,534 per year for a 2022 Honda Accord, and $1,994 to $4,484 for the 2022 Chevrolet Malibu.

Out of nine trims for the 2022 Honda Accord, the lowest-cost car insurance rates are on the Hybrid trim at a cost of $2,044 per year.

For the four trims available for a Chevrolet Malibu, the cheapest 2022 model to insure is the LS Sedan trim at a cost of $2,090.

When rates for all 13 trim levels for both vehicles are compared, the most affordable model and trim level to insure is the Honda Accord Hybrid at an average rate of $2,044 per year, and the highest-cost model and trim is the Chevrolet Malibu Premier Sedan costing $2,476 per year.

The tables below break down the average cost to insure all 2022 trim levels, as well as the overall average rate for each model. The 2022 Honda Accord has cheaper average auto insurance rates than the 2022 Chevrolet Malibu.

2021 Honda Accord vs. Chevrolet Malibu

For the 2021 Honda Accord and Chevrolet Malibu models, the Chevrolet Malibu costs less to insure by an average of $138 per year.

The following chart displays the average car insurance cost for both models using a range of rated driver ages. For the 2021 Honda Accord, insurance cost ranges from $1,894 to $4,336 per year for the age groups in the chart. Car insurance for a 2021 Chevrolet Malibu ranges from $1,778 to $4,000 on average per year.

A 2021 Honda Accord has nine trim levels available, with the most affordable trim level to insure being the LX Sedan model at an average cost of $1,898 per year. A 2021 Chevrolet Malibu has six trims available, and the most affordable model to insure is the L Sedan model at an average cost of $1,884 per year.

When comparing car insurance rates for both models by trim level, the cheapest model and trim level to insure is the Chevrolet Malibu L Sedan at an average rate of $1,884 per year, and the most expensive vehicle to insure is the Honda Accord Hybrid Touring Sedan at an average of $2,306 per year.

The tables below break down the average cost to insure each trim level for a 2021 Honda Accord and Chevrolet Malibu, along with an average cost for each model. The 2021 Chevrolet Malibu has lower-cost car average car insurance rates than the 2021 Honda Accord.

2020 Honda Accord vs. Chevrolet Malibu

A 2020 Chevrolet Malibu is $138 cheaper to insure per year on average than a 2020 Honda Accord, a difference of 6.9%.

The chart below shows the average car insurance cost for the two models for drivers from ages 20 to 50. For the 2020 Honda Accord, the average insurance cost ranges from $1,842 to $4,216 per year for the driver ages used. Car insurance on a 2020 Chevrolet Malibu ranges from $1,726 to $3,886 on average per year.

Out of nine trims for a 2020 Honda Accord, the lowest-cost auto insurance rates are on the LX Sedan trim at a cost of $1,846 per year, or around $154 per month. For the six different option levels available for the Chevrolet Malibu, the most affordable 2020 trim level to insure is the L Sedan model at a cost of $1,834 per year, or $153 per month.

When trim-level rates for both models are compared, the cheapest vehicle to put coverage on is the Chevrolet Malibu L Sedan at an average rate of $1,834 per year. The most expensive model and trim level is the Honda Accord Hybrid Touring Sedan at an average cost of $2,240 per year.

The next tables detail average car insurance cost by trim level for each 2020 model, as well as the overall average rate for each model.

2019 Honda Accord vs. Chevrolet Malibu

For 2019 Honda Accord and Chevrolet Malibu models, the Chevrolet Malibu has lower-cost car insurance by $14 per year for this comparison year.

The rate chart below demonstrates the average car insurance cost for both 2019 models rated for multiple driver ages. A full-coverage car insurance policy ranges from $1,768 to $4,048 per year for the 2019 Honda Accord, and $1,770 to $3,980 on the 2019 Chevrolet Malibu for the age groups included in the chart.

Out of nine Honda Accord trims, the cheapest 2019 trim to insure is the LX Sedan trim at an average cost of $1,846 per year.

Out of the six trim and option levels available for the Chevrolet Malibu, the cheapest 2019 trim to insure is the L Sedan model at a cost of $1,902 per year, or $159 per month.

When comparing aggregated rates for both models from a trim-level perspective, the lowest-cost model and trim to buy insurance for is the Honda Accord LX Sedan at an average cost of $1,846 per year. The most expensive vehicle to insure is the Chevrolet Malibu Premier Sedan at an average cost of $2,134 per year.

The next two rate tables illustrate both 2019 models and all trim levels available for each one, plus the average rate for each model. The 2019 Chevrolet Malibu takes the win over the 2019 Honda Accord for the cheapest car insurance rates.

2018 Honda Accord vs. Chevrolet Malibu

When comparing average insurance cost for 2018 models, the Honda Accord costs $1,900 per year to insure and the Chevrolet Malibu costs $1,872, making the Chevrolet Malibu the model with cheaper insurance by $28 for the 2018 comparison year.

The rate chart below visualizes the average cost to insure both models using drivers aged 20 to 50. For the 2018 Honda Accord, the average insurance cost ranges from $1,690 to $3,850 per year for the driver ages used. Full-coverage insurance for the 2018 Chevrolet Malibu ranges from $1,676 to $3,752 on average per year.

Out of 11 trims for a 2018 Honda Accord, the cheapest average insurance prices are on the LX Sedan model at a cost of $1,774 per year, or $148 per month.

For the five option levels available for the Chevrolet Malibu, the most affordable 2018 trim level to insure is the L Sedan trim at a cost of $1,772 per year, or $148 per month.

When rates for all 16 trim levels for both vehicles are combined and compared, the cheapest vehicle to insure is the Chevrolet Malibu L Sedan at an average rate of $1,772 per year. The most expensive model and trim level is the Chevrolet Malibu Premier Sedan at a cost of $2,034 per year.

The next two tables show the cost to insure the available trim levels for both 2018 models, as well as an average rate for each model. The 2018 Chevrolet Malibu has more affordable average car insurance than the 2018 Honda Accord.

2017 Honda Accord vs. Chevrolet Malibu

For the 2017 Honda Accord and Chevrolet Malibu models, the Chevrolet Malibu has cheaper car insurance cost by an average of $10 per year for this comparison year.

The chart shown below illustrates the average cost to insure the two models with different ages of drivers. For the 2017 Honda Accord, the average cost of car insurance ranges from $1,616 to $3,660 per year for the illustrated age groups. Car insurance for a 2017 Chevrolet Malibu ranges from $1,614 to $3,610 on average per year.

Out of 20 Honda Accord trim levels, the cheapest 2017 model to insure is the LX Sedan model at an average cost of $1,710 per year, or about $143 per month. For the five different trims available for the Chevrolet Malibu, the cheapest 2017 trim to insure is the L Sedan model at a cost of $1,718.

When comparing rates by trim level for both models, the overall cheapest vehicle to buy insurance for is the Honda Accord LX Sedan at a cost of $1,710 per year. The highest-cost model and trim is the Honda Accord Touring Coupe at an average of $1,936 per year.

The next tables detail the average cost to insure all 2017 trim levels, plus an average rate for each model. The winner for the 2017 car insurance rate comparison is the Chevrolet Malibu.

2016 Honda Accord vs. Chevrolet Malibu

When comparing car insurance rates for 2016 models, the Honda Accord costs $1,738 per year for full coverage and the Chevrolet Malibu costs $1,654, making the Chevrolet Malibu the cheaper model to insure by $84 for this model year.

The following chart demonstrates the average insurance cost for both models with different drivers at the wheel. For a 2016 Honda Accord, insurance cost ranges from $1,556 to $3,494 per year for the chosen age groups in the chart. Auto insurance for the 2016 Chevrolet Malibu ranges from $1,486 to $3,310 on average per year.

Out of 17 trims for a 2016 Honda Accord, the cheapest rates are on the LX Sedan model at a cost of $1,620 per year. The 2016 Chevrolet Malibu has nine trim and option levels available, with the lowest-cost trim to insure being the L Sedan model at an average cost of $1,522 per year, or about $127 per month.

When average car insurance prices for all 26 trims of both models are combined and sorted by cost, the cheapest model and trim level to insure is the Chevrolet Malibu L Sedan at an average cost of $1,522 per year. The most expensive trim is the Honda Accord Touring Coupe costing $1,896 per year.

The rate tables below display the expected annual car insurance cost by trim level for both 2016 models, along with an average cost for each model. The cheapest model to insure for the 2016 model year is the Chevrolet Malibu.

2015 Honda Accord vs. Chevrolet Malibu

A 2015 Honda Accord costs $34 less per year to insure per year on average than a 2015 Chevrolet Malibu, a difference of 2.2%.

The following chart shows the average car insurance cost for both models rated for different driver ages. Average full-coverage insurance ranges from $1,384 to $3,082 per year for a 2015 Honda Accord, and $1,410 to $3,166 for a 2015 Chevrolet Malibu for the sample drivers in the chart.

Out of 16 Honda Accord trim levels, the lowest-cost 2015 model to insure is the LX Sedan trim at an average cost of $1,394 per year.

A 2015 Chevrolet Malibu has three different trims available, with the cheapest trim level to insure being the LS Sedan trim at an average cost of $1,544 per year.

When insurance rates for all 19 trim levels for both 2015 models are compared, the overall cheapest vehicle to insure is the Honda Accord LX Sedan at an average cost of $1,394 per year. The highest-cost model and trim level is the Honda Accord Hybrid Touring Sedan costing an average of $1,678 per year.

The tables shown below show trim level insurance cost averages for both 2015 models, including an overall average rate.

Additional Honda Accord and Chevrolet Malibu Resources

• Honda Accord Insurance Cost
• Chevrolet Malibu Insurance Cost
• Midsize Car Insurance Cost Comparisons